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Oil Flows

All articles tagged with #oil flows

US Energy Chief: Navy Will Guard Hormuz While Iran Stands Firm
politics-and-government5 days ago

US Energy Chief: Navy Will Guard Hormuz While Iran Stands Firm

US Energy Secretary Chris Wright said on CNN that US Navy escorts through the Strait of Hormuz are essential to keep crude shipments moving, with transit rates around 9 million barrels per day and overall flows near two‑thirds of pre‑conflict levels thanks to pipelines and alternative routes. He framed the effort as the current “new normal,” noting that other nations may join but that Washington will continue defending the passage until Iran changes its stance, after recent US strikes on Iranian oil carriers in response to attacks on US ships. The remarks come as global energy markets remain sensitive to the Iran conflict amid rising fuel costs.

Hormuz Flows Rebound, Capping Oil Rally, Goldman Says
markets15 days ago

Hormuz Flows Rebound, Capping Oil Rally, Goldman Says

Goldman Sachs says crude shipments through the Strait of Hormuz have rebounded to about two-thirds of pre-war levels, limiting the Iran war’s impact on global oil prices. Exports via Hormuz are around 15–16 million barrels per day, still 7–8 million below pre-conflict levels, but up from a March trough of 5–6 mbpd. The rise in dark-tanker flows and ship-to-ship transfers shows producers are adapting to the disruption, which could moderate upside to prices even if the conflict persists. With crude around $89 per barrel (down from above $120 in April) and LNG/refined-fuel flows still pressured, the oil market remains a balance of ongoing supply disruptions and resilient demand.